SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Gary E who wrote (28433)7/22/1999 2:21:00 PM
From: SE   of 44573
 
Perhaps.....I have posted it before, but it was a while ago. The general rule is, and this works for shorts only to my observation, but I have done no testing on it. It is simply an observation.

If the TICK runs 1200 points or more from the low to the next high in an hour to an hour and a half, the SPOOs will drop 10 points from the next established high.

So a run from -900 to +300 would statisfy the rule. The trick is finding the newly established high and I have no way of knowing when that will come. If 72 is the high, we should see 62 yet today. If it is not, whenever the high comes, take 10 points off it and that is a level we should revisit.

Not a science, but something that might help keep one on the right side of things.....
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News